IMF Staff Country Reports

Republic of San Marino : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of San Marino

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

April 11, 2018

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economy rebounded in 2016, but there were some signs of slowing momentum amid deepened financial sector uncertainties triggered by a sizable loss at the largest bank and a closure of a small bank in 2017. There is high uncertainty about the budget and the level of public debt as the final cost of banking sector repair will depend on results from the recently initiated update of the Asset Quality Review (AQR). Banking sector legacy issues continue to pose considerable challenges.

Series:

Country Report No. 18/101

Subject:

Article IV consultation reports Banking sector Central Banks Debt sustainability analysis Economic indicators Financial and Monetary Sector Financial sector Financial stability Financial statistics Fiscal policy Fiscal reforms Macroprudential policies and financial stability Pension reforms Press releases Public debt Real sector San Marino Staff reports